Nortech Systems (NASDAQ:NSYS) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Nortech Systems Incorporated (NASDAQ:NSYS)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.86 and traded as low as $9.73. Nortech Systems shares last traded at $9.85, with a volume of 2,419 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Nortech Systems in a report on Saturday. They set a “hold” rating on the stock.

Nortech Systems Trading Down 1.3 %

The company has a 50 day moving average of $10.11 and a 200 day moving average of $10.85. The firm has a market cap of $27.16 million, a price-to-earnings ratio of 6.35 and a beta of 0.38. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.28.

About Nortech Systems

Nortech Systems Incorporated provides design and manufacturing solutions for electromedical devices, electromechanical systems, assemblies, and components in the United States, Mexico, and China. It offers a range of technical and manufacturing, and support services, including project management, designing, testing, prototyping, manufacturing, supply chain management, and post-market services.